Having Just A Little Trouble With Booze

by Clover Ng @ 28 Feb 2014
Having Just A Little Trouble With Booze Imagine our concern after posting news of a new Singapore Wine Vault, that the new budget plans include hefty taxes on alcohol; an increase of 25%. Will we be able to cope with the price increase as consumers and how will that affect businesses? One example of which is reported in http://www.straitstimes.com/breaking-news/singapore/story/budget-2014-coffee-shops-likely-charge-least-1-more-beer-bottle-201402 where beer might cost you a dollar more for each bottle at a coffee shop. Here’s a little comparison to demonstrate the differences you will be paying for alcohol (with contribution from Kate Tan of Corney and Barrow).
 
Calculations below are based on a normal 75cl bottle
 
 
Alcohol Contents Old Duties New Duties Differences
5 $ 2.63 $ 3.30 $ 0.68
6 $ 3.15 $ 3.96 $ 0.81
7 $ 3.68 $ 4.62 $ 0.95
8 $ 4.20 $ 5.28 $ 1.08
10 $ 5.25 $ 6.60 $ 1.35
11 $ 5.78 $ 7.26 $ 1.49
11.5 $ 6.04 $ 7.59 $ 1.55
12 $ 6.30 $ 7.92 $ 1.62
12.5 $ 6.56 $ 8.25 $ 1.69
13 $ 6.83 $ 8.58 $ 1.76
13.5 $ 7.09 $ 8.91 $ 1.82
14 $ 7.35 $ 9.24 $ 1.89
14.5 $ 7.61 $ 9.57 $ 1.96
15 $ 7.88 $ 9.90 $ 2.03
15.5 $ 8.14 $ 10.23 $ 2.09
16 $ 8.40 $ 10.56 $ 2.16
17 $ 8.93 $ 11.22 $ 2.30
18 $ 9.45 $ 11.88 $ 2.43
19 $ 9.98 $ 12.54 $ 2.57
20 $ 0.50 $ 13.20 $ 2.70